England and Wales commercial and regulatory procedures
When is the FCA Stage 1 settlement discount available?
Actual Stage 1 settlement period, not a universal twenty-eight-day limit. Conclude the qualifying settlement during Stage 1. DEPP 6.7.3G defines Stage 1 by the FCA assessment and reasonable opportunity. The current scheme distinguishes ordinary settlement from focused resolution agreements and historical transitional cases.
- Period
- Actual Stage 1 settlement period, not a universal twenty-eight-day limit
- Trigger
- FCA assessment communicated with a reasonable settlement opportunity
- Rule
- FCA Handbook depp6, DEPP 6.7.2G to 6.7.3G
FCA Handbook depp6, DEPP 6.7.2G to 6.7.3G. The retained source governs conclude the qualifying settlement during Stage 1. DEPP 6.7.3G defines Stage 1 by the FCA assessment and reasonable opportunity. The current scheme distinguishes ordinary settlement from focused resolution agreements and historical transitional cases.
Source guide · No automated date
Check the applicable procedure
DEPP 6.7.3G defines Stage 1 by the FCA assessment and reasonable opportunity. The current scheme distinguishes ordinary settlement from focused resolution agreements and historical transitional cases. Use the actual settlement communication. A customary period is not a statutory fixed filing deadline. The actual fCA assessment communicated with a reasonable settlement opportunity and required completion must be established before using a final date.
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When is the FCA Stage 1 settlement discount available?
Actual Stage 1 settlement period, not a universal twenty-eight-day limit. Conclude the qualifying settlement during Stage 1. DEPP 6.7.3G defines Stage 1 by the FCA assessment and reasonable opportunity. The current scheme distinguishes ordinary settlement from focused resolution agreements and historical transitional cases.
Responsible actor. Person negotiating an FCA settlement.
FCA assessment communicated with a reasonable settlement opportunity.
DEPP 6.7.3G defines Stage 1 by the FCA assessment and reasonable opportunity. The current scheme distinguishes ordinary settlement from focused resolution agreements and historical transitional cases.
DEPP 6.7.3G defines Stage 1 by the FCA assessment and reasonable opportunity. The current scheme distinguishes ordinary settlement from focused resolution agreements and historical transitional cases.
FCA Handbook depp6, DEPP 6.7.2G to 6.7.3GHow does this provision count time?
- Conclude the qualifying settlement during Stage 1.
- Use the actual settlement communication. A customary period is not a statutory fixed filing deadline.
- DEPP 6.7.3G defines Stage 1 by the FCA assessment and reasonable opportunity. The current scheme distinguishes ordinary settlement from focused resolution agreements and historical transitional cases.
Use the actual settlement communication. A customary period is not a statutory fixed filing deadline.
Use the actual settlement communication. A customary period is not a statutory fixed filing deadline. DEPP 6.7.3G defines Stage 1 by the FCA assessment and reasonable opportunity. The current scheme distinguishes ordinary settlement from focused resolution agreements and historical transitional cases.
FCA Handbook depp6, DEPP 6.7.2G to 6.7.3GWhich facts prevent one automatic date?
DEPP 6.7.3G defines Stage 1 by the FCA assessment and reasonable opportunity. The current scheme distinguishes ordinary settlement from focused resolution agreements and historical transitional cases. Use the actual settlement communication. A customary period is not a statutory fixed filing deadline. The actual fCA assessment communicated with a reasonable settlement opportunity and required completion must be established before using a final date.
The person negotiating an FCA settlement has established the applicable procedure and fCA assessment communicated with a reasonable settlement opportunity. DEPP 6.7.3G defines Stage 1 by the FCA assessment and reasonable opportunity. The current scheme distinguishes ordinary settlement from focused resolution agreements and historical transitional cases. Conclude the qualifying settlement during Stage 1. Actual Stage 1 settlement period, not a universal twenty-eight-day limit. No computed final date is supplied.
A proposed completion raises a nonbusiness-day or time-boundary question for conclude the qualifying settlement during Stage 1. Use the actual settlement communication. A customary period is not a statutory fixed filing deadline. Resolve this boundary under the identified provision and actual completion route. Use the actual settlement communication. A customary period is not a statutory fixed filing deadline.
The parties enter a focused resolution agreement instead of settling every issue. DEPP 6.7.3G defines Stage 1 by the FCA assessment and reasonable opportunity. The current scheme distinguishes ordinary settlement from focused resolution agreements and historical transitional cases. DEPP 6.7.3G defines Stage 1 by the FCA assessment and reasonable opportunity. The current scheme distinguishes ordinary settlement from focused resolution agreements and historical transitional cases. No automatic final date follows from this scenario.
Which conditions and exceptions apply?
- Applicable procedure and actual event
- DEPP 6.7.3G defines Stage 1 by the FCA assessment and reasonable opportunity. The current scheme distinguishes ordinary settlement from focused resolution agreements and historical transitional cases.
- Counting and completion boundary
- Use the actual settlement communication. A customary period is not a statutory fixed filing deadline.
- DEPP 6.7.3G defines Stage 1 by the FCA assessment and reasonable opportunity. The current scheme distinguishes ordinary settlement from focused resolution agreements and historical transitional cases.
- Person negotiating an FCA settlement. FCA assessment communicated with a reasonable settlement opportunity. Conclude the qualifying settlement during Stage 1. Use the actual settlement communication. A customary period is not a statutory fixed filing deadline.
What must the responsible actor complete?
Questions about this procedure
When is the FCA Stage 1 settlement discount available?
Does DEPP prescribe twenty-eight days for every Stage 1?
No. The retained provision describes a reasonable opportunity after the FCA communicates its assessment.
FCA Handbook depp6, DEPP 6.7.2G to 6.7.3GWhat is the ordinary Stage 1 discount?
DEPP 6.7.3G describes a thirty percent reduction for qualifying settlement during Stage 1.
FCA Handbook depp6, DEPP 6.7.2G to 6.7.3GDoes every later agreement receive a smaller discount?
The ordinary current scheme states zero outside Stage 1, subject to its specific historical provisions.
FCA Handbook depp6, DEPP 6.7.2G to 6.7.3GMust the assessment use a prescribed document?
DEPP 6.7.3G(2) says it need not use a prescribed form.
FCA Handbook depp6, DEPP 6.7.2G to 6.7.3GAre focused resolution agreements identical?
No. DEPP treats them separately.
FCA Handbook depp6, DEPP 6.7.2G to 6.7.3GWhat evidence establishes the actual end?
The FCA’s settlement communication and any actual extension or agreement.
FCA Handbook depp6, DEPP 6.7.2G to 6.7.3GOfficial sources and review
Provisions used (1)
| Provision | Purpose |
|---|---|
| FCA Handbook depp6, DEPP 6.7.2G to 6.7.3G | Check the identified procedure, event, counting rule or qualification |